The SBIR and the STTR programs have helped small businesses to turn big ideas into real solutions by providing early stage funding for more than 40 years. These investments have produced groundbreaking technologies that strengthen America's economy and our national defense. Unfortunately, Both these programs are shut down for the first time for the last five months due to the Senate's inability to pass a short term clean reauthorization while negotiations continue. This lapse created uncertainty for small businesses, delayed critical innovation and risked allowing critical technology to fall into the hands of foreign adversaries. (01:07–01:19)
CLAIM
Asserts that SBIR and STTR programs were shut down for five months due to Senate inaction.
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